Late Wednesday, Standard & Poor’s said American Campus Communities Inc.
ACC, +0.23%
will be added to the S&P MidCap 400 index after the close of trading on Sept. 16, taking the place of Lubrizol Corp.
LZ
as Berkshire Hathaway Inc.
BRK.B, -1.14%BRK.A, -1.00%
closes on its acquisition.

Transcept Pharmaceuticals
TSPT
said it plans to resubmit to the Food and Drug Administration a new drug application for its candidate known as Intermezzo. The company’s seeking approval of Intermezzo for use as needed to treat of insomnia, when a middle-of-the-night awakening is followed by difficulty returning to sleep. FDA officials, Transcept said, agreed with the company’s proposal to reduce the recommended dose to 1.75 milligrams from 3.5 mg for women, and to keep the dose for men at 3.5 mg. The resubmitted application should be made by the end of September, the Point Richmond, Calif.-based company said.

Rio Tinto
RIO, -2.29%
said it’s priced $2 billion of fixed-rate debt securities: $500 million of notes due September 2016 and paying a coupon of 2.2%; $1.15 billion of notes due 2012 paying a coupon of 3.75%; and $350 million of 5.2% notes due November 2040. The bonds issued by Rio Tinto Finance (USA) Ltd. will be fully and unconditionally guaranteed by Rio Tinto PLC (RIO) and Rio Tinto Ltd. (RIO), the mining and resources company said.

The board of Rockwell Collins
COL, -0.45%
increased the company’s share-repurchase authorization by $700 million, as a way to speed up growth in earnings. The company made the buyback announcement late Wednesday as it laid out financial targets for fiscal 2012: earnings in a range of $4.40 to $4.60 a share with revenue of between $4.9 billion and $5 billion. Rockwell Collins also affirmed that it expects earnings from continuing operations of $4 to $4.10 a share and revenue of $4.8 billion to $4.85 billion for the fiscal year ending in September, a forecast that excludes the company gain on sale of Rollmet as well as any impact from potential restructuring actions.

Pall Corp.
PLL, -1.22%
said it expects to generate adjusted earnings in a range of $3.07 to $3.32 a share for fiscal 2012. This compares to adjusted earnings of $2.77 a share for the fiscal year ended July 31 and $2.12 a share for fiscal 2010. Currency translations accounted for 13 cents a share of earnings for fiscal 2011; the company pegged currency as adding an estimated 2 cents a share to its profit for fiscal 2012.

Along with reporting financial results for the third quarter ended Aug. 27, Clarcor Inc.
CLC, -0.56%
affirmed its projected full-year earnings target of $2.25 to $2.40 a share. “We expect to be in the upper end of this range assuming there are no major economic disruptions in the fourth quarter,” said CEO Norm Johnson. However, “we enter the fourth quarter with some caution,” he said, noting the economic question marks hanging over the U.S., Europe and China.

Ascena Retail Group Inc.
ASNA, +0.62%
along with reporting results for the fourth quarter and fiscal year ended July 30, forecast earnings in a range of $2.55 to $2.65 a share for fiscal 2012. The profit outlook assumes, among other things, that Ascena Retail will generate growth in comparable-store sales at a “mid-single-digit” percentage rate for the year. The company, the successor to Dress Barn Inc., operates more than 2,500 stores and said expects to add another 100 on a net basis during fiscal 2012.

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